France's 2023 Deficit 'Significantly' Above 4.9%' (BBG)
France's budget (in)discipline... Since the Great Financial Crisis in 2008, France managed to keep its budget deficit below the 3% threshold (remember the Maastricht Treaty) just once (2018). This is far worse than Italy. France's debt-to-GDP ratio is at 110%, up from 64% pre-financial crisis. With potential GDP growth at a paltry 1% and declining, structurally low interest rates is needed to keep the debt burden afloat. Source: Jeroen Blokland, Bloomberg
The law of supply and demand...
Source : Bitcoin Archive
Yesterday, not only has Bitcoin reached an ATH, Gold is also trading at a record high. What is the message here for fiat money?
Source: HolgerZ, Bloomberg
AI Beneficiary PEG Ratios - Locating the Value
Will nvidia $NVDA really plateau at 14% earnings growth after this year? Will arm $ARM come back to earth or will earnings rocket? Source: Consensus Guru
ouch... too bad... a sign that we are late-cycle?
A bitcoin effect? Or just a remainder of the power of scarcity ?
It has now been over a year since the S&P 500 had a one-day drop of 2%+.
- 3rd longest streak since 2000. - The S&P went 949 trading days (3.76 years!) from 5/19/03 to 2/26/07 without a one-day drop of 2%+. Source: bespoke
"Smart money" taking some profits?
Source: Bitcoin News
Nike staff memo
From 1977
